The Ministry of Energy and Mines (MINEM) announced on March 18 that the government is considering support mechanisms to help Petroperú overcome its liquidity crisis, but clarified that this will not involve allocating public funds from taxpayers as was done in previous years.
This issue is significant because Petroperú is a strategic company for the country, and ensuring its operational continuity is seen as important for national energy security. The ministry said it is evaluating a financing line aimed at meeting short-term financial commitments and maintaining operations while the company’s restructuring process continues.
According to MINEM, any alternative considered will be subject to strict technical criteria, including cost, term, payment conditions, and sustainability. The ministry emphasized that these measures are designed so as not to impact the country’s fiscal balance or public spending. “In this way, we seek to preserve the operability of a strategic company for the country, for the benefit of the population and in safeguarding national energy security during its strengthening and financial sustainability process,” MINEM said.
The ministry also stated that Petroperú’s restructuring is already underway in an orderly manner. The goal is for the company to meet its obligations using its own revenues and gradually repay any resources provided by the state as loans.
MINEM added that there are now measures in place to organize the company, strengthen its sustainability, and restore market confidence. This has reportedly generated interest from financial institutions.
Looking ahead, MINEM reiterated its commitment to ensuring that Petroperú can fulfill its obligations independently while continuing efforts toward long-term stability.
